Ondo Finance launches yield stablecoin on Sei

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Sei drops 7.22% to $0.099 today

Highlights

Ondo Finance has launched USDY, a yield-bearing stablecoin backed by short-term U.S. Treasury bonds and bank deposits, on the Sei blockchain.
USDY becomes the first permissionless tokenized U.S. Treasury base asset available on Sei, leveraging Sei's parallelized EVM for institutional-grade trading.
SEI trades at $0.099, below the MA-20, MA-50, and MA-200, facing persistent bearish momentum with a downside range of $0.089 to $0.109 projected.

Tokenized Treasury asset debut drives institutional-grade flows on Sei

Ondo Finance has launched its USDY yield-bearing stable asset on the Sei blockchain. USDY, backed by short-term U.S. Treasury bonds and bank deposits, is now the first permissionless tokenized U.S. Treasury base asset available on Sei. The deployment utilizes Sei's parallelized EVM architecture to offer high throughput and fast finality for institutional-grade assets.

Weak trend and seller dominance confirmed by multi-timeframe indicators

Technical momentum on SEI remains negative, with both MACD and ADX on daily and weekly timeframes confirming a sell bias and a weak trend. The RSI is mildly oversold at 40.2 on the daily and 33.95 on the weekly, supported by Stochastic RSI indicating a neutral-to-oversold condition. CCI and Bull/Bear Power both reinforce the dominance of sellers in intraday trading, with price action gravitating near the daily low. The closest resistance is the Ichimoku Kijun level at $0.1182, while immediate support is not defined by major indicators below the current level.

Sideways price outlook as sell signals limit upside potential

Over the next five trading days, SEI is likely to trade within a $0.089 to $0.109 band, reflecting typical volatility relative to current levels. Sell signals persist from daily and weekly technical indicators, suggesting a low probability (less than 20%) of an upward move. The baseline outlook points to sideways movement within this range, while a breakout above $0.109 resistance could indicate bullish momentum and a drop below $0.089 would reinforce the bearish scenario.

Anton Kharitonov, expert at Traders Union, sees SEI trading with clear bearish momentum and persistent technical weakness. Despite the launch of USDY on Sei, this institutional adoption has not shifted market sentiment or price structure. He believes the sell signals from daily and weekly indicators reinforce a sideways-to-lower outlook for the near term. "Base case remains defensive within $0.089 to $0.109 — until resistance at $0.109 is broken, I remain cautious on SEI."

Previously it was reported that Sei is exhibiting short-term bullish momentum above key moving averages supported by strong daily activity and buyer control, although longer-term technicals remain weak amid significant token unlocks and declining total value locked. Current momentum indicators highlight mixed signals with overbought conditions and elevated volatility, suggesting consolidation near current levels with upside capped below resistance and downside risks prevailing if support fails.

Source of Data: SEI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.